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Monthly Archives: October 2024

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Jerome Powell Hawkish Statement Spurs Dollar

Written on October 1, 2024 at 5:30 am, by

Market Summary The U.S. dollar gained momentum following a hawkish statement from Fed Chair Jerome Powell, signalling that the Federal Reserve is not in a rush to accelerate rate cuts and is likely to maintain a quarter-point rate reduction in the near term. This boosted the Dollar Index (DXY), which rose over 0.5% in theContinue Reading

Trade of the Day: Dow Jones

Written on October 1, 2024 at 2:04 am, by

Fundamental Analysis * Rate Cut Speculation: The Dow Jones has recently broken through the crucial Fibonacci expansion (38.2%) resistance level, signaling potential bullish momentum in the US equity market. Rising expectations that the Federal Reserve might consider cutting interest rates have contributed to this positive sentiment. According to the Bureau of Economic Analysis, the USContinue Reading

MT5 New Product Launch

Written on October 1, 2024 at 1:11 am, by

Dear Valued Client, We are pleased to announce that PU Prime will launch new products of Japan Share CFDs on MT5 server starting from 7th October 2024 to provide clients with a broader portfolio of products. Please refer to the table below: *All dates are provided in GMT+3 (Server Time in MT5.) Please note thatContinue Reading

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